The owner of Bet365.com pocketed $1,000,000 every day in 2017

[Betwrong]

while it's true that the house always wins , but doesn't mean that there is no professional gamblers who can drain the house

have you ever asked yourself why do bet365 limit and block thousands of accounts ?? cause there are actually smart gamblers that can make bet365 bleed to death if they were allowed to keep betting with the regular limits

so if they could actually beat these gamblers they would be more than happy to keep taking their bets

so basically these bookies are making this fortune from people who are either addicted or just betting for the fun without even knowing what they are doing

Exactly that. If you browse in google for "bet365 limited my account" you will come across a hundred web pages and forums with the same complain and strangeness of something like " bet365 limited my account but I didn't do anything wrong"

If you have the patience to read those forums you will come to the conclusion that is better to play in crypto casinos where limiting of the account is almost not existent.

I don't know if that is the case. Are there really so many sports bettors who play so well that they can constitute a menace to a casino? Why don't they simply play on other sites which don't block them then? I think that with more than 35 million customers globally all those profits look possible without any form of cheating. And regarding the hundred web pages with complaints, that's what you get with so many users normally.

yeah that's the case , there are thousands of professional sports bettors and they aren't welcome in bet365 or any other famous fiat site
so they can move to other sites , but they will get limited as well 
the only well known site that doesn't limit winners is pinnacle , so it's kinda the only bookie that professionals use ( and of course exchanges since the site is making money anyway )

that's why at first I thought that bitcoin gambling can be great , but it seems that even bitcoin sportsbetting sites limit the winners at some point

I have not been into sports betting until recently, so I don't have much knowledge on the subject. If what you are saying is true, then it's very interesting, because it means that there are people who can actually make money on gambling, but they are just not allowed to. I've seen several topics started here in which OPs were asking to place bets on their behalf in various bookies because, as they were stating, they were banned because of how good they were. I've been always disregarding those statements as some kind of bullsh*t, and now it appears they could make sense?

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[Get-Paid.com]

I have not been into sports betting until recently, so I don't have much knowledge on the subject. If what you are saying is true, then it's very interesting, because it means that there are people who can actually make money on gambling, but they are just not allowed to. I've seen several topics started here in which OPs were asking to place bets on their behalf in various bookies because, as they were stating, they were banned because of how good they were. I've been always disregarding those statements as some kind of bullsh*t, and now it appears they could make sense?

It's pretty much BS.
Yes, with Bet365 it might be a little bit "easy" to get limited, for instance if you try to arbitrage with Bet365 or if you were lucky to hit 2-3 winning bets you might get limited right away.

So it's quite "easy" to get limited.
And if someone is very good at it he can use Pinnacle or other sites that don't limit, so there is always an option for someone who believes that he/she can make money like this - but it's all BS and false dreams really.

[sweetbet]

How does the company justify these payments? That's ridiculous !

[Ucy]

Is op suggesting that the owner of the gambling business is fraudulent or something?
Guess there is  something special about her gambling centers that makes  gamblers attracted to them?
I guess this is one of the reasons people should embrace the blockchain gambling

[goaldigger]

I also believe in this one, just think of this idea. Why do casinos offers much like a comfortable and even grand place and freebies like water, juice, alcohol, etc. to its players even though they are winning a lot? It is because even though players won the jockpot many times, the house earned it also as many times as the winner in a row. Where do they get those high jockpots though? Maybe if someone wins, they get doubled.

[ajaxmoor]

I also believe in this one, just think of this idea. Why do casinos offers much like a comfortable and even grand place and freebies like water, juice, alcohol, etc. to its players even though they are winning a lot? It is because even though players won the jockpot many times, the house earned it also as many times as the winner in a row. Where do they get those high jockpots though? Maybe if someone wins, they get doubled.

Not every casino has similar returns. Bet365 is big. like REALLY BIGG!. I know about many casinos and online sportsbooks that are barely managing. Heck even, directbet couldn't keep up with the high bitcoin fees and was probably why they closed 2 years back. They have an edge, but players these days have many options. In order to make money they need volume which not all casinos have these days.

[Naida_BR]

Whilst gamblers are struggling to make ends meet, or trying to decide which NBA team would win, or how many points they will score in total, or whether Barcelona or Real Madrid will win the next game etc. etc. you should take a look at this:

https://www.theguardian.com/business/2018/nov/21/bet365-denise-coates-paid-herself-an-obscene-265m-in-2017

Denise Coates, the owner and founder of Bet365.com - took $1,000,000 every day into her pocket - in the year of 2017.

That is $365,000,000 in the entire year, or £265,000,000 in British Pound (average of $1.37 per GBP in 2017 which is more or less the average GBP/USD for that year).

And she took around $900,000 every day in the year of 2016.

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Now let's ask you this - who is the real beneficiary from gambling? Is it the gambler or the house?
Does she need to risk $3,000 on an NBA game deciding whether the score would be over or under the line? Does she need to spin a roulette or count the blackjack cards?

No, she didn't have to do all this!

The house always wins...! it does!

But you probably didn't imagine how big those house winnings are!

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Next time you think of placing a bet or gamble - if you truly want to get rich - open a casino or a website.....

BUT

If you want to be fair, just and not unscrupulous - choose a different field... we work in the online advertising industry, we try to avoid the promotion of gambling sites because we know it's going to cause harm to people ....

The gambling industry is bad, full of corruption and greed, and you can see a lady getting $1 million dollars every day and yet this is not enough for her.

Be happy with what you have, appreciate what you have, enjoy your life, enjoy what you have, because true happiness comes from within and not from this.

And as for this lady - she may be wealthy, but she is wealthy because she has emptied the pockets of many sad souls, this is not a good way to be rich .... not at all ..... if she was like Mark Zuckerberg - good for her, but getting rich like this - is quite despicable.

I don't think that there is someone who believes that the house doesn't win from gambling. Gambling sites face a continues growth with strongly increasing profits all these years of operations. Bet365 is the best booker in the industry and I believe that their profits will continue to increase steadily. It would be interesting to see how many users have joined the platform these years.

[Get-Paid.com]

Is op suggesting that the owner of the gambling business is fraudulent or something?
Guess there is  something special about her gambling centers that makes  gamblers attracted to them?
I guess this is one of the reasons people should embrace the blockchain gambling

I am the OP and I am not suggesting the owner is defrauding other people, however the type of business she's running is an unscrupulous business, however you want to look it - now you can be an affiliate, run their promos, promote Bet365 and like the old saying "if you can't beat them - join them" - but all I'm saying is that this way of making money is in some way dishonest (not fraud), it's unscrupulous, it's not something I would be proud of if I was in her shoes.

[aoluain]

I don't get the point of this post. Are you trying to tell us that casinos and sportsbooks make money ?
Because, if you are trying to, that's already a very widely known thing, it is not something people hide? I mean casinos do have a house edge that they literally tell you about or sportsbooks do have odds that they share you with and all of those have a bigger chance for casino to make money.

This is not some "maybe you will be rich" type of Hollywood movie, people know that they will lose their money if they play for long enough time. They will tell you that you are going to lose in the long run.

Nevertheless, people believe that once in a life time deal, maybe just once, only once, they will hit big and become rich. No one believes they can constantly beat the casino but maaaybe they can get them only once for a big win like a huge jackpot and got away with it.

Firstly, people are not aware HOW MUCH 1 single person makes in this industry, it's not obvious to see someone making so much ... and it's definitely not taken for granted by the average Joe who might be addicted to gambling.

Also, as Pab said - this lady represents a company that made punters go through hell to claim their winnings ... and it wasn't because of a due diligence check, it was because the punter plays in the house, and the house sets the rule - Bet365 froze many accounts and they are not a "saint" company.

All in all - it's important to discuss this, it's definitely not some "boring" information that is meaningless and worthless.

I agree, this thread is about scale, the scale of how much Bet365 are making.
And thats just one person earning that much money, can you imagine their
advertising bill, the salaries of the other top executives and staff? Massive.

The average gambler wont be put off by this news though, and most are
probably unaware.

[seoincorporation]

I also believe in this one, just think of this idea. Why do casinos offers much like a comfortable and even grand place and freebies like water, juice, alcohol, etc. to its players even though they are winning a lot? It is because even though players won the jockpot many times, the house earned it also as many times as the winner in a row. Where do they get those high jockpots though? Maybe if someone wins, they get doubled.

Not every casino has similar returns. Bet365 is big. like REALLY BIGG!. I know about many casinos and online sportsbooks that are barely managing. Heck even, directbet couldn't keep up with the high bitcoin fees and was probably why they closed 2 years back. They have an edge, but players these days have many options. In order to make money they need volume which not all casinos have these days.

This is true, in theory, the casino profit is 1% of the bets, better known as house edge, if she gets 1 million daily that means the casino is getting more than $100M in bets each day, that's crazy I know, but bet365 is an enormous platform, so, it's possible for them to handle that volume.

[Ucy]

This is an incredible amount from single gambling company. 
I guess if companies like this have transparency and honesty coded in their gambling softwares they wouldn't be making so much.
There is probably something special about the gambling sites that makes gamblers flock there on daily basis. What could that be? Does it benefit the gamblers

[AjithBtc]

Daily profiting out of it is really big, no user will believe that they were earning such a big amount. As one of the user mentioned on casions they'll have at a minimum house edge of 1% on every game. Through the house $1000000 means they need to handle 100 million bets daily. This has been achieved regularly, and soon we can expect few of our cryptocurrency accepted gambling websites to make a change similar to Bet365.

[TravelMug]

This is an incredible amount from single gambling company. 
I guess if companies like this have transparency and honesty coded in their gambling softwares they wouldn't be making so much.
There is probably something special about the gambling sites that makes gamblers flock there on daily basis. What could that be? Does it benefit the gamblers

It's a gambling site, you don't need 'something special', gamblers will flock and go and make a bet, and if they lose bet more and they are addicted. I don't know what you mean by transparency and honestly because the house always win.

Regardless, she has built it from ground up and now she is very successful. That's why we have a saying in our local dialect, that if you wanted to be rich, build a casino.

[tsaroz]

Bet365 is really providing a good service. They have partnershiped and integrated with different platform enabling users to bet wherever and whenever.
Though the platform has grown enough to not care to provide the best odds, I still use it as my first choice when it comes to sports betting.

[Caladonian]

This is an incredible amount from single gambling company. 
I guess if companies like this have transparency and honesty coded in their gambling softwares they wouldn't be making so much.
There is probably something special about the gambling sites that makes gamblers flock there on daily basis. What could that be? Does it benefit the gamblers

It's a gambling site, you don't need 'something special', gamblers will flock and go and make a bet, and if they lose bet more and they are addicted. I don't know what you mean by transparency and honestly because the house always win.

Regardless, she has built it from ground up and now she is very successful. That's why we have a saying in our local dialect, that if you wanted to be rich, build a casino.

They established their names into this field that's why most of the sports gamblers chooses them, the more gamblers the more money to go inside their pockets, they understand the system so well and always making it sure to have a much wider spread of benefits against anything, gambling site who can offer wide varieties of games will always have more followers to bet inside, no need to change site as they can cater most of those sports gambling that one gamblers needs,.